In the filing, Dorsey further reiterated his continued lip service to Bitcoin within the realm of Square’s remit. He wrote:

“We believe sellers should be able to accept any type of payment, from cash to cards, Apple Pay to bitcoin, and whatever the future may bring, so they never miss a sale.”

The news comes amid mixed fortunes at Twitter. Dorsey’s ascending the managerial throne was followed by his announcement of mass lay-offs among the staff, amounting to 336 job cuts or 8% of the total workforce.

“This isn’t easy,” Dorsey said in a letter to staff. “But it is right. The world needs a strong Twitter, and this is another step to get there.”

In another SEC filing relating to the restructuring, the motivation behind the move hinted at a desire to make Twitter the service a more accessible tool. The site currently suffers from a high incidence of unused accounts after new users become confused and disenfranchised by the “text-heavy” interface, Bloomberg states.

Square's previous announcement in February regarding a partnership with Google on a bitcoin-accepting POS system sent the BTC price shooting up 10%, though there have not been any updates on the project’s status since.